Keystone Wealth Services LLC Increases Position in Microsoft Co. (NASDAQ:MSFT)

Keystone Wealth Services LLC grew its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 4.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 25,390 shares of the software giant’s stock after purchasing an additional 999 shares during the period. Microsoft comprises approximately 2.8% of Keystone Wealth Services LLC’s portfolio, making the stock its 4th biggest position. Keystone Wealth Services LLC’s holdings in Microsoft were worth $10,702,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of MSFT. Proficio Capital Partners LLC boosted its holdings in Microsoft by 34,643.3% during the fourth quarter. Proficio Capital Partners LLC now owns 16,837,278 shares of the software giant’s stock worth $7,096,913,000 after purchasing an additional 16,788,816 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Microsoft by 76.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 10,532,402 shares of the software giant’s stock worth $4,439,407,000 after buying an additional 4,568,539 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Microsoft by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant’s stock worth $70,790,682,000 after buying an additional 3,264,648 shares during the last quarter. Baillie Gifford & Co. grew its holdings in shares of Microsoft by 46.1% in the third quarter. Baillie Gifford & Co. now owns 7,048,244 shares of the software giant’s stock valued at $3,032,859,000 after acquiring an additional 2,222,483 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Microsoft by 4.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 54,590,791 shares of the software giant’s stock valued at $23,490,417,000 after acquiring an additional 2,125,030 shares during the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on MSFT shares. KeyCorp restated a “sector weight” rating on shares of Microsoft in a research note on Thursday, April 17th. TD Securities increased their price target on shares of Microsoft from $475.00 to $490.00 and gave the company a “buy” rating in a research report on Thursday, May 1st. BMO Capital Markets lifted their price objective on shares of Microsoft from $470.00 to $485.00 and gave the stock an “outperform” rating in a research report on Thursday, May 1st. Raymond James increased their target price on shares of Microsoft from $480.00 to $490.00 and gave the company an “outperform” rating in a research report on Thursday, May 1st. Finally, Mizuho lifted their price target on shares of Microsoft from $475.00 to $500.00 and gave the stock an “outperform” rating in a report on Thursday, May 1st. Five equities research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $507.77.

Microsoft Price Performance

Shares of NASDAQ MSFT opened at $438.00 on Friday. The firm has a market capitalization of $3.26 trillion, a P/E ratio of 35.27, a P/E/G ratio of 2.21 and a beta of 0.99. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The stock’s 50-day simple moving average is $388.19 and its two-hundred day simple moving average is $411.61. Microsoft Co. has a twelve month low of $344.79 and a twelve month high of $468.35.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, beating analysts’ consensus estimates of $3.22 by $0.24. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. The business had revenue of $70.07 billion for the quarter, compared to the consensus estimate of $68.54 billion. During the same period last year, the firm posted $2.94 earnings per share. Microsoft’s quarterly revenue was up 13.3% on a year-over-year basis. As a group, equities analysts anticipate that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be given a $0.83 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.32 annualized dividend and a yield of 0.76%. Microsoft’s dividend payout ratio (DPR) is presently 25.66%.

Insider Activity at Microsoft

In other news, insider Bradford L. Smith sold 75,000 shares of the company’s stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $436.05, for a total value of $32,703,750.00. Following the completion of the transaction, the insider now directly owns 476,999 shares in the company, valued at approximately $207,995,413.95. This represents a 13.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.03% of the stock is owned by insiders.

Microsoft Company Profile

Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.